SEMC.L vs. EUFM.L
SEMC.L (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both exchange-traded funds - SEMC.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, SEMC.L returned 4.04%/yr vs 9.69%/yr for EUFM.L. At a 0.11 correlation, their price movements are largely independent. SEMC.L charges 0.42%/yr vs 0.34%/yr for EUFM.L.
Performance
SEMC.L vs. EUFM.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEMC.L achieves a 2.30% return, which is significantly lower than EUFM.L's 6.74% return.
SEMC.L
- 1D
- 0.03%
- 1M
- 1.31%
- YTD
- 2.30%
- 6M
- 2.17%
- 1Y
- 9.29%
- 3Y*
- 5.66%
- 5Y*
- 4.04%
- 10Y*
- —
EUFM.L
- 1D
- 0.21%
- 1M
- 2.81%
- YTD
- 6.74%
- 6M
- 8.89%
- 1Y
- 16.80%
- 3Y*
- 15.42%
- 5Y*
- 9.69%
- 10Y*
- —
SEMC.L vs. EUFM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 2.30% | 2.50% | 9.09% | 2.06% | 0.58% | 1.54% | -0.46% | 4.45% | 4.19% |
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 6.74% | 29.59% | 3.25% | 15.45% | -7.82% | 13.50% | 5.84% | 19.11% | -12.29% |
Correlation
The correlation between SEMC.L and EUFM.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018 | 0.11 |
The correlation between SEMC.L and EUFM.L shifts across timeframes, from -0.08 (3 years) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEMC.L vs. EUFM.L — Risk / Return Rank
SEMC.L
EUFM.L
SEMC.L vs. EUFM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SEMC.L | EUFM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.58 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.88 | 5.69 | +2.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SEMC.L | EUFM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.36 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.67 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.53 | -0.18 |
Drawdowns
SEMC.L vs. EUFM.L - Drawdown Comparison
The maximum SEMC.L drawdown since its inception was -12.52%, smaller than the maximum EUFM.L drawdown of -30.14%. Use the drawdown chart below to compare losses from any high point for SEMC.L and EUFM.L.
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Drawdown Indicators
| SEMC.L | EUFM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -30.14% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -10.59% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -11.90% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.89% | -20.86% | +8.97% |
Current DrawdownCurrent decline from peak | -0.29% | -1.07% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -5.19% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.95% | -1.77% |
Volatility
SEMC.L vs. EUFM.L - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (SEMC.L) is 1.50%, while UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) has a volatility of 4.00%. This indicates that SEMC.L experiences smaller price fluctuations and is considered to be less risky than EUFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMC.L | EUFM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 4.00% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 10.33% | -6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 12.33% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.61% | 14.53% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 16.13% | -7.95% |
SEMC.L vs. EUFM.L - Expense Ratio Comparison
SEMC.L has a 0.42% expense ratio, which is higher than EUFM.L's 0.34% expense ratio.
Dividends
SEMC.L vs. EUFM.L - Dividend Comparison
SEMC.L's dividend yield for the trailing twelve months is around 5.78%, while EUFM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEMC.L UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis | 5.78% | 6.51% | 5.02% | 5.04% | 3.98% | 3.97% | 4.77% | 5.18% | 1.98% |
Frequently Asked Questions
SEMC.L and EUFM.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUFM.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUFM.L is cheaper with a 0.34% expense ratio, compared with 0.42% for SEMC.L.
SEMC.L is categorized as Emerging Markets Bonds, while EUFM.L is Europe Equities. SEMC.L tracks JPM EMBI Global Diversified TR USD, while EUFM.L tracks MSCI EMU NR EUR. Their fees differ too: 0.42% for SEMC.L and 0.34% for EUFM.L.
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